Higher Priced First Property

[Chris Ferone]

I have currently owned a place near a college campus since 2005.  I would like to invest in a primary residence and rent my current place out.  I keep hearing it is best to start with a lower priced second property, but the problem is this place I would like to buy I would also like to live in.  Rental of my current place shouldnt be a problem because of the location, but any suggestions or thoughts on buying a more expensive primary residence as my first dip into real estate investing?  Thanks!